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How to Calculate Taxes on New Home Purchase – Finance – How to Calculate Taxes on New Home Purchase. When you buy a new house, it has both one-time and far-reaching tax implications. At the time of closing, most communities levy taxes on the value of the real estate that changes hands and some also charge a tax on the value of any mortgage that gets charged.
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PROPERTY TAX QUESTION – NEW PURCHASE: We just purchased a new construction home at the end of September. The house had passed through two builders – Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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